09
May
Investors will brace for months in which market readjustments will be overshadowed by the threat of a new “financial crash”, according to Allianz chief economist Ludovic Subran. "We have all the ingredients of a so-called Minsky moment," he told Bloomberg Television on Monday, referencing economist Hyman Minsky's description of a plunge in asset prices after a buildup of debt. “You see that, everywhere, these liquidity pools or liquidity crises are beginning to be visible.” Subran is not the first to use that description since a series of US bank failures began in March, but his use of the term and…
